Latest Indian Mutual Fund News | 03-May-2013

May 3, 2013

DIVIDEND

1.Reliance Fixed Horizon Fund XXII Series 4 announces dividend

Reliance Mutual Fund has announced 06 May 2013 as the record date for declaration of dividend under dividend payout option of Reliance Fixed Horizon Fund XXII Series 4. The rate of dividend (Rs per unit) will be entire distributable surplus available in the scheme as on the record date on the face value of Rs 10 per unit.

LIC Nomura Mutual Fund has announced 06 May 2013 as the record date for declaration of dividend under LIC Nomura MF Interval Fund-Quarterly Plan Series 1. The rate of dividend (Rs per unit) will be entire distributable surplus as on the record date on the face value of Rs 10 per unit.

UTI Mutual Fund has announced 06 May 2013 as the record date for declaration of dividend under dividend sub option of UTI Fixed Income Interval Fund Series II Quarterly Interval Plan V. The rate of dividend (Rs per unit) will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.

News Source – NAV INDIA.

GENERAL

4.Taurus Ethical Fund: Change in Benchmark Index

Taurus Mutual Fund has revised the benchmark index of Taurus Ethical Fund with effect from May 2, 2013. The new benchmark index will be S&P BSE 500 Shariah instead of CNX 500 Shariah Index.